Sign in

You're signed outSign in or to get full access.

Gabriel Bara

Vice President and equity research analyst at Citi

Gabriel Bara is a Vice President and equity research analyst at Citi, specializing in the coverage of European utilities, energy transition, and infrastructure companies. He follows major listed firms such as Acciona, Iberdrola, and others in the sector, providing in-depth analysis and investment recommendations backed by sector-specific expertise. Bara began his analyst career in the late 2010s and joined Citi after previous roles that provided him with both fundamental and financial analytic experience relevant to utility markets. He holds core FINRA registrations and relevant securities licenses, having gained recognition for his research contributions and the accuracy of his investment outlooks.

Gabriel Bara's questions to Cosan (CSAN) leadership

Question · Q3 2025

Gabriel Bara asked about the allocation rationale and outcome of the recent offerings, and Cosan's strategy for subsidiary companies, specifically Raizen's capital structure challenges and potential solutions like a third entrant or further capitalization.

Answer

Rodrigo Araujo Alves, CFO of Cosan, explained that the offerings prioritized existing shareholders, with the first offering having 10x demand and the second also being significant. Marcelo Martins, VP of Finance, Cosan, confirmed the urgency for Raizen's capital structure solutions, noting ongoing discussions with Shell and the potential use of offering proceeds for capitalization, though no final conclusion has been reached.

Ask follow-up questions

Fintool

Fintool can predict Cosan logo CSAN's earnings beat/miss a week before the call